Was Jim Cramer Right About Okta, Inc. (OKTA)?
From Yahoo Finance: 2025-05-05 10:09:00
Jim Cramer discussed stock ownership in the US, challenging the idea that only the wealthy invest. He emphasized the importance of stock market involvement for millions of Americans, highlighting the financial impact on ordinary citizens and the widespread ownership of stocks through retirement accounts and investment vehicles.
Cramer defended stock market participation for all Americans, rejecting the notion that only the affluent benefit. He criticized those who discourage stock investment while enjoying tax advantages themselves, emphasizing the tax benefits of stocks as a form of social security. He highlighted the widespread ownership of stocks among the US population, emphasizing its importance for financial security.
A list of 13 stocks discussed by Jim Cramer on Mad Money in May 2024 was compiled, with their performance analyzed until April 2025. Hedge fund sentiment for these stocks was also included. The article focused on tracking Cramer’s stock predictions and their outcomes, serving as a reflection of his past opinions on the market.
Jim Cramer expressed confidence in Okta, Inc. (OKTA) following a cybersecurity breach, praising CEO Todd McKinnon’s leadership. The stock has since risen by 19.84%, reaffirming Cramer’s positive stance. Cramer reiterated his support for Okta in May 2025, highlighting its strength as a company and recommending similar cybersecurity stocks like CrowdStrike and Palo Alto Networks.
OKTA ranked first on the list of stocks discussed by Jim Cramer, indicating its strong performance. While OKTA shows promise, other AI stocks may offer higher returns in a shorter time frame. One AI stock has already increased in value in 2025, contrasting with the decline experienced by popular AI stocks. Looking for a promising AI stock trading at less than 5 times earnings? Check out our report on the cheapest AI stock pick with steep discounts. Don’t miss out on this opportunity to invest in artificial intelligence. Read more about the best AI stocks to buy now and follow billionaires’ investment trends. No disclosure mentioned. Originally published on Insider Monkey.